New Cryptocurrency Releases, Listings, & Presales Today – Drift, BounceBit, Venom

The
crypto
market
opened
the
week
with
a
minor
price
uptick
as

new
cryptocurrency
releases,
listings,
&
presales
today

witnessed
increased
investor
attention.
The
global
crypto
market
cap
increased
by
0.67%
over
the
past
24
hours,
reaching
$2.45T.
The
total
crypto
market
volume
grew
by
44.48%
in
the
same
time
frame
to
$71.57B.

InsideBitcoins
provides
an
overview
of
new
digital
assets
assets
fit
for
consideration
in
the
current
market
outlook.
This
article
curates
details
on
their
features,
utilities,
and
market
outlook.

New
Cryptocurrency
Releases,
Listings,
and
Presales
Today

Drift
is
a
decentralized
exchange
(DEX)
operating
on
the
Solana
blockchain,
which
facilitates
trading
in
both
perpetual
and
spot
markets.
Meanwhile,
BounceBit
is
in
the
process
of
developing
a
BTC
restaking
infrastructure
to
establish
a
foundational
layer
for
a
variety
of
restaking
products.
On
another
front,
the
Venom
blockchain
is
designed
to
address
key
issues
that
have
impeded
the
widespread
adoption
of
decentralized
applications,
such
as
slow
transaction
confirmations,
high
fees,
and
limited
scalability.

Following
WienerAI’s
launch
in
mid-April,
the
project
raised
over
$7.5
million,
highlighting
investor
optimism
regarding
the
WAI
token’s
potential
growth.
Besides,


Bitcoin
and
Ethereum

have
remained
stable,
while
Dogecoin
experienced
a
spike
after
Biden
decided
to
bow
out
of
the
presidential
race. 

1.
Drift
(DRIFT)

Drift
is
a
decentralized
exchange
(DEX)
operating
on
the
Solana
blockchain.
It
facilitates
trading
in
perpetual
and
spot
markets,
offering
leverage
up
to
10x.
The
platform
supports
trading
in
both
pre-launch
markets
and
established
tokens,
thereby
enhancing
capital
efficiency
by
allowing
a
variety
of
assets
to
be
used
as
collateral.

Drift
provides
several
tools
to
manage
positions
efficiently.
For
instance,
users
can
trade
markets
with
up
to
10x
leverage
for
perpetual
futures
and
swaps.
Similarly,
spot
trading
allows
trading
assets
with
up
to
5x
leverage,
and
token
swaps
enable
swapping
any
pair
with
up
to
5x
leverage. 

Furthermore,
Drift
aims
to
balance
capital
efficiency
and
asset
protection
through
a
sophisticated
cross-margined
risk
engine.
This
includes
using
collateral
for
perpetual
futures
and
spot
trading,
earning
through
lending
deposited
tokens,
which
also
serve
as
collateral
for
swaps,
and
restricting
borrowing
to
ensure
borrowers
have
adequate
collateral,
with
multiple
safety
measures
in
place.

Additionally,
users
can
generate
yield
through
several
options.
For
example,
lending
and
borrowing
allow
users
to
earn
yield
on
deposits.
On
the
other
hand,
insurance
fund
staking
lets
users
stake
assets
in
a
vault
to
earn
from
exchange
fees.
Moreover,
market
maker
rewards
offer
an
opt-in
market-making
Alpha
Program,
while
backstop
AMM
liquidity
(BAL)
provides
leveraged
liquidity
to
earn
yield.

Pre-market
valuation
puts

$CLOUD
at
$0.3287
☁️

What
will
the
price
be
an
hour
after
launch?
????

Best
prediction
gets
99
DRIFT
????

—
Drift
Protocol
(@DriftProtocol)

July
16,
2024

Drift
has
formed
several
strategic
partnerships.
For
example,
Ondo
Finance
integrates
real-world
assets
into
Solana
DeFi
using
tokenized
treasury
bills
as
collateral.
Additionally,
Circuit
Trading
introduces
Market
Maker
Vaults
on
Drift,
allowing
users
to
utilize
advanced
market-making
strategies.

Drift
aims
to
provide
a
capital-efficient
trading
platform
while
ensuring
asset
protection.
It
supports
diverse
earning
opportunities
and
offers
robust
tools
for
developers.
Consequently,
its
strategic
partnerships
further
enhance
its
capabilities
in
the
decentralized
finance
ecosystem.

2.
BounceBit
(BB)

BounceBit
is
developing
a
BTC
restaking
infrastructure
to
provide
a
foundational
layer
for
various
restaking
products.
This
system,
secured
by
the
regulated
custody
of
Mainnet
Digital
and
Ceffu,
showcases
a
Proof-of-Stake
Layer
1
network
within
the
BounceBit
ecosystem. 

It
utilizes
a
dual-token
system
where
validators
stake
BTC
and
BounceBit’s
native
token,
combining
native
Bitcoin
security
with
full
EVM
compatibility.
Moreover,
essential
infrastructure,
such
as
bridges
and
oracles,
is
secured
through
restaked
BTC.
By
integrating
CeFi
and
DeFi
frameworks,
BounceBit
enables
BTC
holders
to
earn
yield
across
multiple
networks.

BounceBit
has
actively
partnered
with
several
key
players
to
enhance
its
offerings.
For
instance,
with
PolyhedraZK,
BounceBit
will
integrate
zkBridge
and
the
Bitcoin
Messaging
&
Token
Swap
protocol,
which
is
expected
to
accelerate
liquidity
growth.
This
integration
will
facilitate
the
trustless
bridging
of
assets
to
and
from
BounceBit,
benefiting
users
by
enhancing
asset
mobility.

In
addition,
the
partnership
with
fafafa_io
focuses
on
unlocking
yield
opportunities
through
the
Telegram
app,
particularly
in
USDT.
This
collaboration
aims
to
simplify
access
to
yield
generation
within
the
Telegram
platform.

The
partnership
with

@doubler_pro
will
bring
a
new
angle
to
strategic
yield
on
BounceBit.

Doubler
is
an
asset
yield
rights
separation
protocol.
It
captures
returns
via
martingale
strategy
&
distributes
returns
based
on
tokenized
yield
rights.

Expect
more
details
soon.

https://t.co/cvC3o52cUM

pic.twitter.com/Zyl4CtfV0b

—
BounceBit
(@bounce_bit)

July
19,
2024

Furthermore,
BounceBit
has
formed
a
strategic
alliance
with
Block
Vision,
a
leading
infrastructure
provider
in
both
the
Move
and
EVM
ecosystems.
Blockvisionhq
will
contribute
by
developing
the
BBScan
explorer
and
offering
node,
validator,
and
indexing
services,
thus
strengthening
BounceBit’s
infrastructure.

Finally,
the
collaboration
with
doubler_pro
introduces
a
unique
approach
to
strategic
yield
on
BounceBit.
These
partnerships
demonstrate
BounceBit’s
commitment
to
actively
enhancing
its
infrastructure
and
providing
innovative
solutions
for
yield
generation
and
asset
mobility.

3.
Venom
(VENOM)

The
Venom
blockchain
addresses
key
issues
that
hinder
the
widespread
adoption
of
decentralized
applications,
such
as
slow
transaction
confirmations,
high
fees,
and
limited
scalability.
Its
design
aims
to
improve
user
experience
and
enable
broader
use.

One
major
challenge
for
blockchain
technology
is
processing
a
high
volume
of
transactions
per
second.
This
is
especially
important
for
public
blockchains
like
Venom,
which
must
simultaneously
handle
transactions
from
many
users.
Traditional
blockchain
systems
often
need
help
with
this
demand. 

Venom
addresses
this
with
its
Dynamic
Sharding
Protocol,
which
enhances
performance
by
adjusting
the
network’s
structure
based
on
the
load.
This
protocol
allows
for
the
splitting
or
merging
of
shard
chains
to
increase
transaction
throughput.
Each
shard
chain
handles
a
specific
set
of
contract
addresses
and
transactions,
enabling
parallel
processing
by
different
validator
groups. 

Additionally,
Venom
utilizes
Workchains,
which
are
specialized
blockchains
for
various
applications.
This
approach
supports
horizontal
scalability
by
distributing
tasks
across
multiple
blockchains,
each
with
its
validators,
thereby
improving
overall
efficiency
and
transaction
speed.

$VENOM/USDT
spot
trading
is
now
live
on

@deepcoin_news,
reaching
10
million
new
users
and
expanding
our
global
footprint!
????

????
Trade
now!https://t.co/2glpaObCCo

Also,
get
ready
for
the
upcoming
VENOM/USDT
Perpetual
trading
launch
this
Wednesday,
July
17th
at
17:00
(UTC+8).
????

https://t.co/WGPWSCxGZB

pic.twitter.com/RGtjHgDBsi

—
Venom
Foundation
(@VenomFoundation)

July
15,
2024

In
terms
of
security,
Venom
strongly
focuses
on
decentralization
and
protection.
The
blockchain
employs
the
Venom
Consensus
Protocol,
which
combines
Proof-of-Stake
(PoS)
with
a
Byzantine
fault-tolerant
algorithm.
This
setup
ensures
that
the
network
can
achieve
consensus
even
if
some
participants
are
malicious,
thus
preserving
blockchain
integrity. 

Rigorous
auditing
of
smart
contracts
is
also
integral
to
maintaining
security
and
trust.
Hence,
Venom
partners
with
leading
audit
firms
and
provides
resources
for
engineers
to
review
smart
contract
codes.
Venom’s
partnerships
with
Choise.ai,
KuCoin
Ventures,
United
Network,
and
Gate
Labs
aim
to
enhance
its
ecosystem’s
growth
and
innovation
and
support
and
strengthen
Venom’s
impact
across
various
industries
and
global
markets.

4.
WienerAI
(WAI)

WienerAI

($WAI)
market
entry
seeks
to
offer
crypto
trading
solutions
by
combining
artificial
intelligence,
AI
tokens,
and
a
trading
bot.
This
integration
aims
to
simplify
cryptocurrency
trading
for
beginners
through
predictive
technology.

Following
the
project’s
launch
in
mid-April,
it
raised
over
$7.5
million,
reflecting
investor
optimism
about
the
potential
growth
of
the
WAI
token.
Despite
bearish
market
conditions,
the
demand
for
WAI
reflects
increasing
interest
in
the
project.
Importantly,
the
tokenomics
plan,
which
incentivizes
early
investors
and
promotes
sustainable
development,
supports
this
interest.

A
major
draw
for
investors
is
WienerAI’s
staking
rewards.
During
the
presale,
the
platform
offered
an
Annual
Percentage
Yield
(APY)
of
146%
for
staking
WAI
tokens.
This
has
led
to
over
7
billion
WAI
tokens
being
staked,
indicating
strong
investor
confidence.

We
raised
$7.5M!
This
is
your
last
chance
to
join
before
we
launch
????????

pic.twitter.com/BFbbgVys3o

—
WienerAI
(@WienerDogAI)

July
17,
2024

Moreover,
WienerAI’s
focus
on
transparency
and
security
has
earned
the
trust
of
the
investor
community.
Besides,
WAI’s
technological
features
also
enhance
its
attractiveness,
particularly
the
AI-driven
trading
interface,
which
predicts
market
movements
and
provides
clear
analyses. 

In
addition,


WienerAI

allows
seamless
swaps
across
decentralized
exchanges
without
fees,
aligning
with
a
decentralized
philosophy.
It
also
offers
protection
against
Miner
Extractable
Value
(MEV)
bots,
ensuring
secure
trading.
With
its
presale
ending
in
the
next
nine
days,
investors
can
capitalize
on
the
token
price
of
$0.00073
for
potential
future
returns.

Visit
WienerAI
Presale

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